What Is a Payment Gateway? — BridgerPay

  • Payment gateways are the consumer-facing interfaces used to collect payment information.
  • In physical stores, payment gateways consist of the point of sale (POS) terminals used to accept credit card information by card or by smartphone.
  • In online stores, payment gateways are the “checkout” portals used to enter credit card information or credentials for services such as PayPal.
  • Payment gateways are distinct from payment processors, which use customer information to collect payments on behalf of the merchant.
  • There are also payment gateways to facilitate payment in cryptocurrencies, such as Bitcoin.

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